Bank Islam Posts Marginal Rise In 2Q Net Profit To RM137.16 Mln

KUALA LUMPUR, Bank Islam Malaysia Bhd posted a slightly higher net profit of RM137.16 million in the second quarter ended June 30, 2024 (2Q 2024) compared to RM136.13 million a year ago.

Revenue in the quarter increased to RM1.14 billion against RM1…

Air Passenger Traffic Up 14.3 Pct To 8.8 Mln In July 2024 – MAVCOM

KUALA LUMPUR, Malaysia has recorded a 14.3 per cent increase year-on-year (y-o-y) in air passenger traffic, with 8.8 million passengers in July 2024 versus 7.7 million in the same month a year ago, according to the Malaysian Aviation Commission (MAVC…

Hong Leong Industries FY2024 Net Profit Rises To RM387.89 Mln

KUALA LUMPUR, Hong Leong Industries Bhd’s net profit rose to RM387.89 million in the financial year ended June 30, 2024 (FY2024), up from RM290.61 million in FY2023, due to a sales mix of higher-margin motorcycle models.

In a filing with Bursa Malay…

RIGOL Technologies Sets Up RM100 Mln Penang Facility — MIDA

GEORGE TOWN, China-based manufacturer of electronic test equipment, RIGOL Technologies Co Ltd, has established its first overseas plant, research and development (R and D) centre, and service centre in Penang with a total investment of over RM100 mil…

Vietnam Keen To Penetrate Lucrative OIC Halal Market Using Malaysian Expertise In Certification, Standards

KUALA LUMPUR, Malaysia’s expertise in halal certification is proving invaluable to kick-start Vietnam’s nascent halal sector as Hanoi seeks to penetrate the lucrative 57-member Organisation of Islamic Cooperation (OIC) market with its agricultural pr…

MIDF: Malaysia’s LI Signals Sustained Economic Momentum In 2H

KUALA LUMPUR, The continued rise in Malaysia’s Leading Index (LI) indicates that positive momentum in the country’s economy is likely to persist in the second half (2H) of 2024, MIDF Research said.

‘This supports our recent upward revision of 2024 g…

UiTM Creative Arts College Signs MoU With Four Industry Players

KUALA LUMPUR, Universiti Teknologi MARA’s (UITM) Creative Arts College signed a memorandum of understanding (MoU) with four industry players last Friday in an effort to boost the creative arts sector’s momentum.

UiTM said that the four parties are C…